In implementing FASB $52,$

Multiple Choice

in some cases, a foreign entity's functional currency may be the same as the reporting currency, in which case translation is not necessary.

the local currency of a foreign entity may not always be its functional currency. If it is not, the temporal method of translation is used to remeasure the foreign entity's books into the functional currency.

the current rate method is used to translate from the functional currency to the reporting currency.

$$ the functional currency of the foreign entity must be translated into the reporting currency in which the consolidated statements are reported.